Title
Approval of a Resolution Authorizing Amendment No. 1 to a Rental Agreement Between the City of Olympia and South Puget Sound Community College for Property Located at 112 4th Avenue West
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve a resolution authorizing amendment no. 1 of the lease of the City-owned property located at 112 4th Avenue W to South Puget Sound Community College and authorizing the City Manager to execute all necessary documents.
Report
Issue:
Whether to approve a resolution authorizing the amendment of the lease of the property located at 112 4th Avenue W to South Puget Sound Community College.
Staff Contact:
Mike Reid, Economic Development Director, 360.480.9167
Presenter(s):
None - Consent Calendar Item
Background and Analysis:
The proposed amendment is an extension of the length of the term only. This amendment would extend the lease for an additional year.
On April 16, 2019, the City of Olympia entered into a lease agreement with South Puget Sound Community College (SPSCC) for use of the City-owned property at 112 4th Ave W. That rental agreement was effective for one year and was re-instituted on June 10, 2020 for one year with the term that it could be "extended for additional one year
terms upon mutual written agreement".
As rent, SPSCC agrees to operate a workforce development and education program ("program services") onsite associated with culinary/catering, craft brewing and distilling. The space will also be used as a location to showcase the College's fine arts programs. Provision of the program services is in lieu of monetary rent. SPSCC agrees to provide the City of Olympia with a written annual report summarizing its provision of program services.
On September 25, 2018, the Olympia City Council authorized the acquisition of real property located at 112 4th Ave W (the Property) to be used to support mixed use development including commercia...
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